Edtech startup Toppr aims to raise $50 million in a Series D round from existing and new investors to scale up operations and launch two products, Toppr Codr and a learning platform for schools.

Zishaan Hayath, CEO and co-founder Toppr, in an interview, said the company is in talks with new investors and will close the round before the end of the September quarter. Existing investors will contribute about 10-30% of the funding, he added.

Backed by Saif Partners and Helion Ventures, Toppr joins bigger edtech players that have successfully raised capital despite the covid crisis. Byju’s raised about $100 million from US technology investor Bond in May, while Unacademy raised $110 million from Facebook and General Atlantic in February.“The funding will fuel development and distribution of all three products, the Toppr learning app that is our core app, Toppr Codr and an online platform for schools which will be launched in about six weeks time,” said Hayath.

Toppr had raised $60 million as part of its Series C, in December 2018, led by Kaizen PE, along with existing investors Eight Roads Ventures, Helion Ventures and SAIF Partners.

Since then, the startup has been ramping up its efforts to reach new students. Its entry into coding by launching Toppr Codr is one such initiative.

“Coding is an essential skill for the 21st century and helps kids with logical thinking, concentration, creativity and even maths. There is a clear gap in demand and supply and this starting point should fit in nicely with the start of a school year,” said Hayath.